Armstrong International Acquires HygroTemp to Expand Humidity Solutions
Deal News | Jan 16, 2025 | Globenewswire
Armstrong International, a leading provider of thermal energy solutions, has extended its reach in the European, Middle Eastern, and African markets through the acquisition of HygroTemp, a Dutch company specializing in humidity control solutions. HygroTemp, known for its collaboration with Armstrong since 2007, excels in promoting advanced humidification technologies, particularly in healthcare, pharmaceuticals, electronics, and data centers. The acquisition will see Rolf Bosscher, former owner and general manager of HygroTemp, integrate into Armstrong's European Humidification team, while Jean-François Frambot will assume the role of HygroTemp's general manager. This strategic move underscores Armstrong's commitment to sustainable technologies that enhance thermal energy efficiency and facilitate decarbonization. Devatec, a subsidiary of Armstrong, continues its role in manufacturing advanced humidification systems, including the EvaPack solution pivotal in this acquisition. Armstrong's acquisition strategy is aimed at reinforcing its market position in the Netherlands and expanding into other European markets driven by increasing demand for hygienic adiabatic humidification solutions.
Sectors
- Thermal Energy Solutions
- Humidity Control Technologies
Geography
- Netherlands – HygroTemp is based in Almere, Netherlands. The acquisition strengthens Armstrong's presence in the Dutch market.
- EMEA – Armstrong International's acquisition reinforces its operations across the Europe, Middle East, and Africa region, with a focus on expanding its market in Europe.
Industry
- Thermal Energy Solutions – The acquisition of HygroTemp by Armstrong International, a global provider of thermal energy solutions, highlights the focus on advanced humidity control technologies, essential for enhancing energy efficiency and supporting sustainable practices.
- Humidity Control Technologies – HygroTemp specializes in humidity control solutions, making this industry relevant as the company integrates with Armstrong's expanding product portfolio in the humidification sector.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Armstrong International | Acquirer | Company | A global provider of thermal energy solutions with emphasis on reducing energy consumption and greenhouse gas emissions. |
HygroTemp | Target Company | Company | A Netherlands-based company specializing in humidity control solutions across various sectors. |
Rolf Bosscher | Former Owner and General Manager of HygroTemp | Person | Will join Armstrong's European Humidification team and continue as Development Manager at HygroTemp. |
Jean-François Frambot | New General Manager of HygroTemp | Person | Director of Humidification at Armstrong International, overseeing the strategic integration of HygroTemp. |
Devatec | Subsidiary of Armstrong International | Company | Specializes in manufacturing advanced humidification solutions, including the EvaPack technology. |